Tuesday, March 27, 2007

A Bad Week For Nike

It all started when the Oregon-based sportswear giant decided that it would be a great idea to send the U.S. team out in pajama tops against Ecuador on Saturday. Today, Nike had to wake up to the news that arch rival Adidas got a bump in it's stock price. That, coupled with the fact that they'll probably never get Lionel Messi to sign a sponsorship deal with them, equals a bad week.

German Stocks Rise, Led by Adidas, DaimlerChrysler, Munich Re [Bloomberg]
Nike Loses Appeal as Court Confirms Messi's Switch to Adidas [Bloomberg]


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